The sheeple sea
Active Member
- Jul 4, 2015
- 294
- 49
Sure, I'll have a go. While minimum wage has barely risen because of corporate lobbying and the delusion that all hell will break loose with prices, inflation has increased higher than the rate of pay increases tremendously since 1970s. Example: in any given year the general rate of inflation can be found by many top economists to be around 4%, and for years pay increases given by companies, if any, range far below that, so, year after year, general worker pay has steadily decreased while the price of everything else has increased. That's why today's skilled workers are making about the equivalent of minimum wage workers in the seventies. And today's minimum workers are making the equivalent of an amount it was illegal to pay people.
So you ramble about inflation but not a cost of living wage increase.
Do you think government is supposed to come in and mirror the inflation rate every year with a minimum wage adjustment??
There is no relevance to this section, what point are you trying to convey.
Employees, especially union members get yearly raises though contract negotiations, failure to keep up with inflation is not the employers fault, they are not responsible for the inflation, the government and it's policies are.
A corporations job is to find the way to make the most money, they aren't evil that's just how they work. That can and does include figuring out how to decrease the amount that they pay for employees. The gap has grown between rich and middle class as a direct result of this discrepancy. Look at any number of studies that show the richest in this country have never made more money and the average American worker has never made less. The solution is fairly simple, raise minimum wage along with inflation. And before you spew that crap about prices raising all over the place, I would like to think a right wing conservative understands market forces, yes? While prices may all raise superficially at first, many companies will realize if they take a cut in one time transaction profits (which most can easily afford) they will corner more of the market. So there, please challenge that.
You claim the American worker has never made less, but not accounting for inflation pay rates for workers are the highest they have ever been in history.
You are just not real bright are you??
So you want to raise minimum wage and inflation.
You do realize that one would offset the other correct??
No too fucking stupid for that.
Go back again zero take another bite here you ain't no fucking hero for sure.
Oh by the way demand for labor sets market prices for wages.
Yeah, pay rates are higher than they were before, while pay rates for workers are higher than they were (I get which is the bigger number thanks) they have increased maybe 5 fold since the seventies while costs of everything else rose 10 or 20 fold, so yeah, government should raise minimum to match inflation because companies raise prices to match it. And those raises you talk about anually? Yeah, I get those too, 2.5% a year, so according to any economist I'm losing 1.5% of my pay relative to my living expenses. You can generally tell someone's ability to handle facts by how much they swear and insult everyone else. Don't blame me for not understanding what my post said. If you disagree with me how about you make more points and less ranting, isn't that what you originally asked about income inequality? Points instead of loud rhetoric? I know you feel smart talking like everyone is an idiot, but (and I believe someone else mentioned this) any economist can show you a pretty basic graph about income inequality and median wages compared to corporate profits over the past 50 years.